Appraisal Reviews by Saxton Appraisals, Inc.

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations, look no further than Saxton Appraisals, Inc..

Appraisal reviews "should find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or large-value contracts as a way to assist in uncovering valuation disputes."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Saxton Appraisals, Inc., we're skilled in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.